ORGANON & CO (OGN) Stock Technical Analysis
NYSE:OGN • US68622V1061
Taking everything into account, OGN scores 1 out of 10 in our technical rating. OGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, OGN is a bad performer in the overall market: 85% of all stocks are doing better.
- OGN is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 62% are performing better than OGN.
- OGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- OGN has an average volume of 5565310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OGN has a been trading in the 6.50 - 9.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OGN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.67
2 important support areas can be observed.
- A support zone ranging from 6.95 to 7.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.05 to 8.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.37 to 9.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OGN is neutral. |
| ChartMill Relative Strength | 15.34 | NEGATIVE | OGN has a low relative strength, it was outperformed by 84.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for OGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.76 | NEUTRAL | The Stochastics value for OGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for OGN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.65 | NEUTRAL | The ADX value for OGN suggests a possible start of a new trend. |
7.92
-0.18 (-2.22%)
ORGANON & CO / OGN FAQ
Can you provide the ChartMill technical rating for ORGANON & CO?
ChartMill assigns a technical rating of 1 / 10 to OGN.
What is the current trend direction of ORGANON & CO (OGN) stock?
The current trend direction for ORGANON & CO (OGN) is Bearish.
What is the RSI signal for OGN stock?
ORGANON & CO (OGN) has an RSI value of 49.1133. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORGANON & CO?
The MACD indicator for ORGANON & CO (OGN) has a value of -0.0340308, indicating a bearish trend.
What are the support and resistance levels for ORGANON & CO (OGN) stock?
ORGANON & CO (OGN) has a support level at 7.12 and a resistance level at 8.05. Check the full technical report for our detailed analysis of OGN support and resistance levels.